NOT LISTED FOR SALE

550 Shadow Lake Dr Divide, CO 80814

Estimated Value: $357,000

1.15 Acres
$310,435 Price per Acre
50,094 Sq Ft Lot

Last Sold August 10, 2023

Last sale price $90,000

Est. 297% increase in value since last sale

Current estimated payment $1,878/month

Highlights

  • Panoramic View
  • Spring on Lot
  • Brush Vegetation
  • Meadow
  • Foothills
  • Level Lot

About This Lot

As of August 2023

Welcome to the ultimate opportunity to build your dream home on a magnificent 1.15-acre building site in coveted Spring Valley! This extraordinary property boasts stunning views of Shadow Lake and offers a once-in-a-lifetime chance to create your very own oasis in this exclusive and desirable neighborhood. The town of Divide provides an ideal combination of mountain rural living with easy and continuous access to a large city offering colleges and universities, fine arts, military facilities and a terrific airport.

This exceptional building site is surrounded by views of the mountainside with mature pine and aspen trees, while still being just minutes away from all the conveniences of city life. With a gentle slope and ample space, this lot provides a perfect canvas for your custom home design, whether it's a sprawling ranch-style home, cozy cabin, or a multi-story masterpiece.

Imagine waking up each morning to breathtaking views of the tranquil lake, enjoying the serene sounds of nature, and relaxing in your own private paradise. With its prime location in Spring Valley, you'll have access to good schools, some truly outstanding restaurants as close as Woodland Park, shopping and entertainment down the hill in Colorado Springs, just a short 30 minute drive away. Within the Spring Valley subdivision, there are two lakes and three ponds.

Don't miss out on this rare opportunity to own one of the remaining building sites in Spring Valley, overlooking Shadow Lake. Utilities are in the street. Act fast and start living your dream today!

Last Agent to Sell the Property

Linda Brink

Resident Realty North Metro LLC Listed on: 08/11/2023

Resident Realty North Metro LLC

Last Buyer's Agent

Andrea Warner

Colorado Peak Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $130

Lot Details

  • 1.15 Acre Lot
  • Brush Vegetation
  • Level Lot
  • Meadow
  • Grass Covered Lot

Additional Features

  • Panoramic Views
  • Water Not Available

Community Details

Overview

  • Foothills

Recreation

  • Spring on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$130

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Type: 360-degree View, Foothill, Level, Meadow, Spring/Pond/Lake
  • Topography: Level

Utilities

  • Hot Water: None

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Schools

  • School District: Woodland Park RE2

Lot Info

  • Program Acres Total: 1.1500
  • Lot Size: 1.1500

Tax Info

  • Flip Tax Amount: 130.04
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Aug 3, 2023
Sold by
Ba Land Investments Llc
Bought by
Pisani Frank A
Seller's Agent
Linda Brink
Resident Realty North Metro LLC
Buyer's Agent
Andrea Warner
Colorado Peak Real Estate
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Current Estimated Value
$357,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,000
Avg. Annual Appreciation
74.69%

Purchase Details

Closed on
Apr 19, 2023
Sold by
Rucker Marcus A
Bought by
Ba Land Investments Llc

Purchase Details

Closed on
Jun 4, 2014
Sold by
Duncan Daniel W
Bought by
Shiloh Plain Inc

Purchase Details

Closed on
Aug 5, 1998
Bought by
Rucker Marcus A and Rucker Stephanie H

Purchase Details

Closed on
Dec 9, 1997
Bought by
Rucker Marcus A and Rucker Stephanie H
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pisani Frank A $90,000 Guardian Title
Ba Land Investments Llc $46,506 Guardian Title
Shiloh Plain Inc -- None Available
Rucker Marcus A $29,000 --
Rucker Marcus A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2023 08/12/23 Off Market $90,000 -- --
08/11/2023 08/11/23 For Sale $95,000 +5.6% --
08/10/2023 08/10/23 Sold $90,000 -- --
Source: Pikes Peak REALTOR® Services

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $293 $4,710 $4,710 $0
2023 $293 $4,710 $4,710 $0
2022 $130 $2,320 $2,320 $0
2021 $130 $2,320 $2,320 $0
2020 $136 $2,470 $2,470 $0
2019 $134 $2,470 $0 $0
2018 $85 $1,510 $0 $0
2017 $85 $1,510 $0 $0
2016 $324 $5,750 $0 $0
2015 $364 $5,750 $0 $0
2014 $401 $6,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 2133850

Pikes Peak REALTOR® Services

APN: R0014019